The ERISA Fiduciary Advisor provides information and answers to a variety of questions about who is a fiduciary and their responsibilities under the Employee Retirement Income Security Act (ERISA). This Advisor was developed by the Employee Benefits Security Administration (EBSA)in its continuing effort to increase awareness and understanding about basic fiduciary responsibilities when operating a retirement plan. ERISA is a Federal law that sets standards of conduct for those who manage a private-sector retirement plan and its assets.
The ERISA Fiduciary Advisor is one of a series of elaws (Employment Laws Assistance for Workers and Small Businesses) Advisors developed by the U.S. Department of Labor (DOL) to help employers and employees understand their rights and responsibilities under Federal employment laws. To view the entire list of elaws Advisors please visit the elaws website. To learn more about DOL’s efforts to ensure the security of the retirement, health and other workplace-related benefits of America’s workers and their families, visit the Employee Benefits Security Administration (EBSA) website. http://webapps.dol.gov/elaws/ERISAFiduciary.htm